Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
Facebook Twitter Instagram
Trending
  • As whistleblowers come forward, it’s our duty to protect them
  • Makhanda Fire Brigade praised by residents
  • Two deaths shock Makhanda
  • After a turbulent period, South Africa’s oldest campus radio station, RMR 89.7 FM, celebrates radio licence renewal
  • Makana Residents Association and Makhanda Business Forum to join forces
  • “It’s not like there are NO services” – Makana mayor
  • Makhanda mourns Eusebius McKaiser
  • Kivitts shines in a bonus point win for Brumbies
Facebook Twitter Instagram
Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
Grocott's Mail
You are at:Home»ECONOMIX»Business News»Easing consumer inflation boosts real disposable income
Business News

Easing consumer inflation boosts real disposable income

Helmo PreussBy Helmo PreussAugust 23, 2017No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

 

Easing consumer inflation in July boosted real, in other words after the effects of inflation have been taken out, disposable income to the strongest gain since August 2015. Consumer inflation eased to 4.6% year-on-year (y/y) in July from 5.1% y/y in June and 5.4% y/y in May. Over the same period the real BankServe Disposable Salary Index (BDSI) compiled by economists.co.za grew from 0.9% y/y in May to 1.3% y/y in June and 2.5% y/y in July. The July 2017 y/y increase was the largest since August 2015, when it was 3.8% y/y.

As household consumption expenditure accounts for some 60% of total economic activity or gross domestic product (GDP), this means that the economy entered the third quarter with positive momentum. Some economists are worried that after a strong second quarter we would have a weak third quarter, but that worry seems to be unfounded. Business executives are in fact more positive about the third quarter than the second quarter with the experts surveyed by the IFO Institute of Munich University more positive about the future of the South African economy after a collapse in the second quarter due to the ratings downgrade in April.

This is also reflected in the South African Chamber of Commerce and Industry Trade Activity Index which grew for the fourth consecutive month in July and is now back above the breakeven 50 level. The inventory sub-index mirrors this optimism and grew to 51 in July from 43 in June, as executives had reduced stock levels in May and June in case there was a sharp correction after the ratings downgrade.

Previous ArticleFour-year prison sentence for copper cable thief
Next Article 2017 BMW M5 officially launched
Helmo Preuss
  • Website

Comments are closed.

Tweets by Grocotts
Newsletter



Listen

The Rhodes University Community Engagement Division has launched Engagement in Action, a new podcast which aims to bring to life some of the many ways in which the University interacts with communities around it. Check it out below.

Humans of Makhanda

Humans of Makhanda

Weather    |     About     |     Advertise     |     Subscribe     |     Contact     |     Support Grocott’s Mail

© 2023 Maintained by School of Journalism & Media Studies.

Type above and press Enter to search. Press Esc to cancel.